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Entercom and Glassnote Sign Deal

12-10-2012

Clear Channel signed a side deal with Glassnote Entertainment Group in September, and on Monday Entercom announced it has made a similar agreement with the company. Glassnote and Big Machine now both have side deals with Entercom and Clear Channel. The independent record companies will get a piece of the over-the-air revenue from the radio groups, and in return they will give Enterom and Clear Channel favorable deals to stream music by their artists.

"This agreement between Glassnote and Entercom represents another important step forward to establishing a new business model that aligns the interests of artists, labels, radio, and listeners," said Entercom President/CEO David Field. " We look forward to working closely with Daniel Glass and his team and their artists, including Grammy nominees Mumford & Sons, in the years to come."

Glassnote founder and CEO Daniel Glass said, "David Field and his programming team, led by Pat Paxton, share our vision and philosophy that radio and music should naturally complement each other and work hand-in-hand. We both have ambitious plans for the growth of our companies and great respect for artists and their music. We are excited to be working toward the same goals in our future endeavors. We respect the level of programming and taste of the Entercom Communications and look forward to a great future together."